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Firm Liquidity During the COVID-19 Crisis

In: Financial Transformations Beyond the COVID-19 Health Crisis

Author

Listed:
  • Valdonė Darškuvienė
  • Bernadeta Goštautaitė
  • Egidijus Kundelis
  • Dalius Misiūnas
  • Siuzana Ščerbina-Dalibagienė

Abstract

The chapter examines how companies addressed the liquidity crisis which arose during the COVID-19 pandemic. It is based on CEO interviews and case studies of four companies with diverse corporate governance characteristics. This qualitative research of success and failure stories was designed to explain how the liquidity crisis evolved, what liquidity management tools and policies were used, and what links emerge between corporate governance, decision-making, and the impact on company performance. The study fills a gap in the research on company governance and financial performance under market uncertainty, with a focus on the effects of an unexpected large-scale crisis. While the research was performed in Lithuania, it offers insights for understanding the business landscape and disruptions in general in the wake of a large-scale unexpected crisis.

Suggested Citation

  • Valdonė Darškuvienė & Bernadeta Goštautaitė & Egidijus Kundelis & Dalius Misiūnas & Siuzana Ščerbina-Dalibagienė, 2022. "Firm Liquidity During the COVID-19 Crisis," World Scientific Book Chapters, in: Sabri Boubaker & Duc Khuong Nguyen (ed.), Financial Transformations Beyond the COVID-19 Health Crisis, chapter 18, pages 535-554, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781800610781_0018
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    Keywords

    COVID19; Pandemic; Pandemic Outbreak; Health Crisis; Economics; Macroeconomics; Finance; Sustainable Finance; Financial Crisis; Financial Integration; Economic Integration; Global Financial Crisis; Financial Institutions; Corporate Finance; Corporate Governance; Board of Directors; ESG; Corporate Social Responsibility; Sustainable Finance; Stock Markets; Financial Markets; Stock Market Behaviour; Firm Liquidity; Emerging Markets; China; Financial Institutions; Money; Banks; Banking System; Banking Sector; Business Groups; Resilience; Safe Heaven; Gold; Oil; Peer-to-Peer Lending Market; Foreign Trading; Stock Market Volatility; Extreme Events;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • G3 - Financial Economics - - Corporate Finance and Governance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

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